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Weekly jobless claims come in better than expected

Top Day Recommendations

10.28

Weekly jobless claims come in better but less than expected. Good noise but

nothing substantial. Next week should really roil the markets with the election and

the prospect of QE2. The Fed is calling primary dealers to gauge the effect of a

buying program. Then thereís next Fridayís jobs report. By now the census

workers should be flushed through the system so the number should be steady.

Things are glacially improving but certainly not fast enough for the unemployed or

for the incumbents.

Week of October 25 - October 29

Date ET Release For Actual Briefing.com Consensus Prior Revised

From

Oct 25 10:00 Existing Home Sales Sep 4.20M 4.25M 4.13M

Oct 26 09:00 Case-Shiller 20-city Index Aug 2.0% 2.0% 3.18%

Oct 26 10:00 Consumer Confidence Oct 48.0 49.0 48.5

Oct 26 10:00 FHFA Home Price Index Aug NA NA -0.5%

Oct 27 07:00 MBA Mortgage Applications 10/22 NA NA -10.5%

Oct 27 08:30 Durable Orders Sep 1.0% 1.7% -1.3%

Oct 27 08:30 Durable Orders - ex

transporation

Aug 0.5% 0.1% 2.0%

Oct 27 10:00 New Home Sales Sep 270K 295K 288K

Oct 27 10:30 Crude Inventories 10/23 NA NA 0.667M

Oct 28 08:30 Initial Claims 10/23 450K 455K 452K

Oct 28 08:30 Continuing Claims 10/16 4450K 4418K 4441K

Oct 29 08:30 GDP-Adv. Q3 1.3% 2.0% 1.7%

Oct 29 08:30 Chain Deflator-Adv. Q3 1.9% 2.0% 1.9%

Oct 29 08:30 Employment Cost Index Q3 0.5% 0.5% 0.5%

Oct 29 09:45 Chicago PMI Oct 58.0 57.5 60.40

Oct 29 09:55 Michigan Sentiment - Final Oct 67.0 68.0 67.9

Current views, speculations and suggestions

good till close of business today). These are technical in nature

only, not fundamentally biased.

Dec Emini S&P: positive with support at 1169

Dec Emini Nasdaq: positive with support at 2109

Dec Mini Dow: positive with support at 10978

Dec Gold: PRD

Dec Silver: Positive with support at 23.34

Dec Copper: positive with support at 377.00

Dec Yen: PRD

Dec Swiss: PRD

Dec Euro PRD

Dec Canadian: negative with resistance at 97.58

Dec British Pound: Negative with resistance at 159.14

Dec Aussie: PRD

Dec Crude: positive with support at 80.75

Nov Nat Gas: Negative with resistance at 3.42

Dec Wheat: Positive with support at 6.90

Jan Beans: positive with support at 12.17

Dec Corn: Postive with support at 5.66

Dec Ten Year Notes: negative with resistance at 125.20

Dec 30 Year Bonds: Negative with resistance at 130.17

March Eurodollar: negative with resistance at 99.65

PRD denotes a Potential Reversal of trend Day

**************

N.B.: if you initiate a trade using ANY of these

numbers use a STOP at least equivalent to 2 Ĺ%.

Repeat: use Stops. Donít think about using Stops.

Use Stops. Some find it appropriate to look at the

margin requirement and use that as a Stop or if

itís a steep initial requirement, use half. But

whatever you do, stop thinking about any other

alternative and use Stops.

********************************************

Futures trading entails considerable risk and is not for

everyone. An account can lose more than its initial investment.

Stops are not necessarily filled at the stop level. Past

performance is not a guarantee of future results.

 

Charles Kespert

***********************

HYPOTHETICAL PERFORMANCE RESULTS HAVE

MANY INHERENT LIMITATIONS, SOME OF WHICH

ARE DESCRIBED BELOW. NO REPRESENTATION IS

BEING MADE THAT ANY ACCOUNT WILL OR IS

LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR

TO THOSE SHOWN. IN FACT, THERE ARE

FREQUENTLY SHARP DIFFERENCES BETWEEN

HYPOTHETICAL PERFORMANCE RESULTS AND THE

ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY

ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL

PERFORMANCE RESULTS IS THAT THEY ARE

GENERALLY PREPARED WITH THE BENEFIT OF

HINDSIGHT. IN ADDITION, AL TRADING DOES NOT

INVOLVE FINANCIAL RISK, AND NO

HYPOTHETIOTHETICAL TRADING RECORD CAN

COMPLETELY ACCOUNT FOR THE IMPACT OF

FINANCIAL RISK IN ACTUAL TRADING. FOR

EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR

TO ADHERE TO A PARTICULAR TRADING PROGRAM

IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS

WHICH CAN ALSO ADVERSELY AFFECT ACTUAL

TRADING RESULTS. THERE ARE NUMEROUS OTHER

FACTORS RELATED TO THE MARKETS IN GENERAL

OR TO THE IMPLEMENTATION OF ANY SPECIFIC

TRADING PROGRAM WHICH CANNOT BE FULLY

ACCOUNTED FOR IN THE PREPARATION OF

HYPOTHETICAL PERFORMANCE RESULTS AND ALL

OF WHICH CAN ADVERSELY AFFECT ACTUAL

TRADING RESULTS.

 

 

*The risk of loss exists in futures and commodity investing. Past performance is not indicative of future results or performance. Only risk capital should be used when making investments in the commodity markets.

 

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